Economic System

Canada's economic system is capitalist and is very close to the one of the united states. capitalism is mostly

market based with some command from the government. people are free to choose what career to do as well as

own private property versus public property. private property is valued more.competition of companies are

encouraged.

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statistics:

GDP (from 2008): 1.2 trillion

GDP growth rate: 2.7

natural resources include: forests, minerals, hydroelectric power, metals, fish, wildlife, fresh water.

agriculture products include: fruits and vegetables, tabacco, wheat, feed grains, oil seeds, livestock, and meat.

industry includes: machinery and equipment, motor vehicles and parts, aircraft and components, other diversified

manufacturing, fish and forest products, processed and unprocessed minerals.

Trade includes: 264.2 billion dollars of U.S. imports to Canada. these include vehicles, plastics, agricultural

products and more. in 2008 63 percent of canada's imports were from the united states.

347.9 billion dollars of U.S. imports from Canada. these include aircraft, metals, motor vehicles, and more.

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all information found at state.gov